QDVO vs QQQX: Which Covered Call ETF Is Better?

QDVO and QQQX are both covered call ETFs tracking the same benchmark, but with different approaches. QDVO offers ~5.8% yield with a focus on growth investors who want some income without fully sacrificing upside participation, while QQQX provides ~8% yield targeting sophisticated investor comfortable with cef structure. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

Compare ETFs

Compare covered call ETFs with the same benchmark side by side

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Step 2: Select ETFs to Compare

QDVO

Amplify CWP Growth & Income ETF

NasdaqInception: Jan 1, 2022

7.68

Overall Score

QQQX

Nuveen Nasdaq 100 Dynamic Overwrite Fund

NasdaqInception: Jan 25, 2007

5.21

Overall Score

CriteriaQDVOQQQX
Overall Score
7.68
5.21
Total Return (25%)
8.58
4.05
Downside Protection (25%)
6.08
1.28
Upside Participation (25%)
8.01
8.28
Consistency (15%)
9.60
10.00
Expense Ratio (5%)
5.62
1.25
Liquidity (5%)
5.89
4.80
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Compare Across All Time Windows

Since Inception

3 Years

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1 Year

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Key Metrics

MetricQDVOQQQX
Expense Ratio0.550%0.900%
Inception DateJan 1, 2022Jan 25, 2007
IssuerAmplifyNuveen
Distribution FrequencyMonthlyMonthly
Maturity Rating3/5 stars5/5 stars

Verdicts

QDVO

The aggressive sibling of DIVO. Higher risk, higher upside potential. Not for conservative income investors.

Investor Profile:

Growth investors who want some income without fully sacrificing upside participation

QQQX

Interesting dynamic approach — but CEF complexity and high fees limit its appeal vs newer ETF alternatives

Investor Profile:

Sophisticated investor comfortable with CEF structure

Full scores for these funds

See where these rank against every SPY fund

Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.

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